Memphis Company anticipates total sales for April, May, and June of $930,000, $1,030,000 and $1.080,000 respectively. Cash sales are normally 20% of total sales. Of the credit sales, 35% are collected in the same month as the sale, 60% are collected during the first month after the sale, and the remaining 5% are not collected Compute the amount of cash received from total sales during the month of June. 30 Multiple Choice $697,600 $796,800 $1012,800 $734,800 $940,000